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Keyword: debt

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    10/10/2012 6:54:06 AM PDT · by ibytoohi · 18 replies
    SELF | 10/08/2012 | SELF
    As an avid observer of the current election campaigning complete with cable news reports, pundit's opinions, Big Bird ads, debates, and accusations of "Romney Lied!" coming from the Presidents surrogates and Obama I am almost suffering from political overload. So, I took a deep breath, kicked back with a fresh cup of coffee and it came to me after I asked a simple question: WHAT HAS OBAMA ACCOMPLISHED IN THE LAST FOUR YEARS? I know, I know there is OBAMACARE but I consider that a power grab that will be destroyed rather than an accomplishment. What has he really done?...
  • How much has government indebted you? Find out here.

    10/09/2012 6:02:57 PM PDT · by wewillnotcomply · 1 replies
    Special interest groups have long been working with the government to get more and more resources, helping to increase our national debt. Just how much of our debt do you now owe? You can find out in seconds by visiting this site.
  • Greece's Debt Nightmare Just Got Worse

    10/09/2012 6:38:13 AM PDT · by Oldeconomybuyer · 19 replies
    CNBC via Yahoo! News ^ | October 9, 2012 | By Holly Ellyatt
    German Chancellor Angela Merkel is landing in Greece to show her solidarity with her Greek counterpart, prime minister Antonis Samaras. Seven thousand police officers have been scrambled to clear the streets of central Athens along with rooftop snipers and commandos to protect the German leader. Greece's two largest unions threatened to defy a ban imposed on protesting in the city center, calling on their members to convene at Syntagma square. But economists told CNBC that Merkel was the least of Greece's problems. According to the latest economic forecasts from the International Monetary Fund (IMF), released on Tuesday, Greece will miss...
  • Looking for sites useful for research

    10/08/2012 7:28:53 PM PDT · by Optimus Prime · 24 replies
    None | October 8th, 2012 | Me
    Could someone help me out, please? I'm hoping to find a couple good reference sites as useful tools for the future. I'd like to be able to research the following: 1) How much revenue the US government received on a particular year. 2) What the deficit/surplus was per month or year. 3) How much was the National Debt on a particular year. So could someone please point me to any such sites? I'd appreciate it very much. Thank you.
  • Chart Of The Day: The "New Normal" Trade Off - Debt vs Jobs

    10/08/2012 6:09:15 AM PDT · by Snuph · 2 replies
    Zerohedge ^ | 10/08/2012 | Tyler Duden
    What one can also see is that the public cost of "normalization", aka the Trade Off of the new normal is an additional $4.25 trilion in debt over and above where the previous historic trendline would put total US debt, just under $12 trillion. Instead total debt is now $16.2 trillion. Oddly enough, this translates to precisely $1,000,000 per job gained or saved from the first (and certainly not last) post-crisis trough: yet another fact that will not be mentioned in either the mainstream press or any presidential debate, as sadly trading off record amounts of public debt for new...
  • How Mitt Romney Won My Vote

    10/08/2012 3:32:23 AM PDT · by Kaslin · 83 replies ^ | October 8, 2012 | Mike Adams
    Note: The author would like to thank the Psalmist, Switchfoot, and Samwise for inspiring this column.Back in May of 1999, I made a decision to leave the Democratic Party. It was an easy decision. I had been a Democrat for 11 years. I voted for Dukakis when I was a committed leftist. But, later, when I became a pro-life conservative, there was no room for me in the party. So I became a Republican and also joined the NRA. I've been a straight shooter ever since. Excuse me if that last line sounded heterosexist. I’m a work in regress. As...
  • Charts of the Day: Deficits and spending (Pay attention to government estimates vs reality)

    10/07/2012 4:31:57 PM PDT · by SeekAndFind · 5 replies
    Hotair ^ | 10/07/2012 | Ed Morrissey
    Via Instapundit, this is the chart to keep in mind when it comes to deficits and campaign promises. It's pretty self-explanatory, but pay close attention to the huge jump in deficit spending between FY2008 and FY2009 --- and the very large gap between White House and even CBO estimates and reality (in gray) in FY2010-12:A few things to bear in mind: As Glenn Reynolds notes, the war spending began in FY2002 for Afghanistan and FY2003 for Iraq. Also, the Bush-era tax rate reductions were fully implemented in FY2003, but probably had their full impact in FY2004. The combination pushed deficits...
  • Spain quip adds to Romney's foreign policy trouble (3 bag barf alert)

    10/07/2012 10:19:39 AM PDT · by TurboZamboni · 12 replies
    pioneer press/ap ^ | 10-7-12 | BRADLEY KLAPPER
    WASHINGTON—If Mitt Romney becomes president, he might need a crash course in Diplomacy 101. He irritated Britons and Palestinians during a summer tour abroad and has declared Russia to be America's No. 1 geopolitical foe. Just last week, the Republican candidate, who plans a foreign policy speech Monday, raised eyebrows in Spain by holding it up as a prime example of government spending run amok. That left Spaniards confused, and threatened to reinforce Romney's perceived handicap in international affairs, precisely at a time when lingering questions over the Sept. 11 attacks against the U.S. Consulate in Benghazi, Libya, has President...
  • The Winning Answer (Romney's response to the deficit and debt was what turned the tide)

    10/07/2012 6:55:07 AM PDT · by SeekAndFind · 48 replies
    Weekly Standard ^ | 10/07/2012 | WILLIAM KRISTOL
    Almost 25 minutes into last Wednesday night’s presidential debate, it was already clear Mitt Romney was doing better than expected, and that Barack Obama was a bit flat. But it wasn’t yet obvious at the end of the debate’s first segment that the debate would produce a decisive winner. Then moderator Jim Lehrer moved from taxes to a discussion of “what to do about the federal deficit, the federal debt.” Mitt Romney spoke first. His two-minute answer was the inflection point in the debate. After that, he was on a roll—a conservative roll. And President Obama would be reduced to...
  • Obama Should Treat "Math" Like A Four-Letter Word

    10/05/2012 5:08:40 AM PDT · by suspects · 2 replies
    Boston Herald ^ | October 5, 2012 | Michael Graham
    “Governor... it is not possible to come up with enough deductions and loopholes that only affect high-income individuals to avoid either raising the deficit or burdening the middle class. It’s — it’s math. It’s arithmetic.” — President Obama, during Wednesday’s debate For Barack Obama “math” should be a four-letter word. It’s gasp-inducing to watch the same politician who insisted Obamacare (cost: $2 trillion over the next 10 years and rising) “won’t add a single dime to the deficit — not one dime” — lecturing anyone on his math skills. Of all the politicians in the modern era, the one who...
  • Foreign aid has become 'real money'($20+ Billion)

    10/04/2012 10:08:48 AM PDT · by Perseverando · 1 replies ^ | October 03, 2012 | Joseph Farah
    Exclusive: Joseph Farah compares billions given away to what's spent on border security It may be an apocryphal quote attributed to the late Sen. Everett Dirksen: “A billion here, a billion there, and pretty soon you’re talking real money.” There’s really no credible citation one can find that suggests he actually ever said those famous words – though I swear I can still hear him saying them when I was a child. Those words were reverberating in my mind again this week as it was revealed that Barack Obama has increased spending on foreign aid by 80 percent through last...
  • Adios Espana! The Talent Outflow From Spain

    10/04/2012 5:19:48 AM PDT · by SeekAndFind
    RCM ^ | 10/04/2012 | By I-Ling Shen & James Barth
    Spain appears to be ever closer to asking for outside financial aid to help it recover from a deep recession and cope with severe unemployment. The interest rate Spain must pay to finance its steep budget deficits remains too high to permit a sustainable economic recovery. And some of its banks still need to be bailed out due to a huge portfolio of poor loans. The world is anxiously watching as Spain faces a myriad of financial, economic, and political challenges. But less known is the effect the crisis is having on the movement of people in and out of...
  • Surprise! Last Year's Deficit Actually $5 Trillion

    05/24/2012 3:48:46 PM PDT · by Kaslin · 15 replies ^ | May 24, 2012 | Katie Pavlich
    Since 2009, and since Senate Democrats last passed a budget, the Congressional Budget Office has calculated $1 trillion deficits each year with 2012 being no exception. But now, a new USA Today study shows that last year's budget deficit wasn't $1 was actually $5 trillion. The deficit was $5 trillion last year under those rules. The official number was $1.3 trillion. Liabilities for Social Security, Medicare and other retirement programs rose by $3.7 trillion in 2011, according to government actuaries, but the amount was not registered on the government's books. It is well known by now that even if...
  • How Public Unions Exploit the Ruse of 'Official Time'

    10/03/2012 4:59:49 AM PDT · by TurboZamboni · 4 replies
    WSJ ^ | 10-3-12 | mallory factor
    Imagine thousands of government employees reporting to work each morning at their government offices and then doing no government work. They use government workspace, government telephones and government computers, all while working on projects unknown and unidentified to their government employers. They receive hefty taxpayer-funded salaries, promotions, bonuses and benefits, plus generous government pensions when they retire—all without doing any work on behalf of the taxpayer. Instead, they work as paid political operatives for powerful government unions. Welcome to the common practice of "official time." Sometimes called "release time," it's a mechanism by which the government pays union officials to...
  • Senate leadership wants distance from deficit discussions (the fiscal cliff)

    10/03/2012 1:43:06 AM PDT · by Libloather · 6 replies
    The Hill ^ | 10/02/12 | Erik Wasson, Bernie Becker
    Senate leadership wants distance from deficit discussionsBy Erik Wasson and Bernie Becker - 10/02/12 08:21 PM ET Democratic and Republican leaders in the Senate on Tuesday sought to distance themselves from deficit talks being held by a small, bipartisan group of lawmakers. The swift pushback, delivered by aides, came after The New York Times reported in a front-page, above-the-fold story that Senate leaders were closing in on a deal to avert the so-called “fiscal cliff.” The leaders’ move to keep those discussions at arm’s length underscores the difficulty of reaching a bipartisan agreement on taxes and reducing the deficit. Senate...
  • Goodbye FY 2012, Hello FY 2013, Debt increases $145 Billion in 2 days, what used to take 6 mos.

    10/02/2012 9:05:03 PM PDT · by Steelers6 · 1 replies
    Treasury Direct ^ | October 2, 2012 | Steelers6
    Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding 09/27/2012 11,255,558,023,360.29 4,759,573,001,202.25 16,015,131,024,562.54 09/28/2012 11,269,585,800,039.32 4,796,655,607,346.57 16,066,241,407,385.89 10/01/2012 11,310,911,679,511.83 4,848,575,333,788.52 16,159,487,013,300.35
  • Dave Says Graduate with No Debt

    10/02/2012 3:06:32 PM PDT · by Kaslin · 9 replies ^ | October 2 | Dave Ramsey
    Dear Dave, I’m in college with a full scholarship. I work part time and should be able to graduate with no debt. What can I do now to best utilize the money I make?TylerDear Tyler,You’re in a fantastic position right now. First, I think your main goal is to study hard and be 100 percent certain you’re graduating on time with no money issues. The next thing is to make sure you have plenty of cash on hand to make the transition to the real world. In a case like this, transition can mean anything from moving to a new...
  • Obama's Big Budget Deficits Could Mean A Big Tax Hike For The Middle Class

    10/02/2012 5:16:53 PM PDT · by SeekAndFind · 5 replies
    Business Insider ^ | 10/02/2012 | James Pethokoukis
    President Obama doesn’t think Americans should fret about the exploding national debt. As he told talk show host David Letterman recently, “We don’t have to worry about it short term. Right now interest rates are low because people still consider the United States the safest and greatest country on Earth, rightfully so. But it is a problem long term and even medium term.” So, in Obama’s view, dealing with the debt is more of a tomorrow thing than a today thing. Or maybe even a day-after-tomorrow thing. But every day that the debt grows, the burden on Americans grows, too....
  • Congratulations Barry: 2012 budget deficit exceeds 2011 shortfall (Obama again the deficit champ)

    10/02/2012 9:26:44 AM PDT · by SeekAndFind · 2 replies
    American Thinker ^ | 10/02/2012 | Rick Moran
    It was close. A lot of us didn't think he could do it. But we should have realized by now that when it comes to spending money we don't have, Barrack H. Obama is the champion. CNS News: According to the U.S. Treasury, the debt of the U.S. government climbed by a total of $1,275,901,078,828.74 in fiscal 2012, which ended yesterday. That means the federal government borrowed approximately an additional $10,855 for each household in the United States just over the past twelve months. The total debt of the United States now equals approximately $136,690 per household. In fiscal 2011,...
  • Obama Increased Foreign Aid 80%; Spent 76% More on Foreign Aid Than Border Security

    10/02/2012 9:04:19 AM PDT · by maggief · 10 replies
    cnsnews ^ | October 2, 2012 | Terence P. Jeffrey - From fiscal 2008 to fiscal 2011, according to the U.S. Treasury, the federal government increased spending on foreign aid by 80 percent and, in fiscal 2011, spent 76 percent more on foreign aid than it did securing the borders of the United States. In fiscal 2008, the government spent a total of $11.427 billion in international assistance programs, according to the Monthly Treasury Statement. In fiscal 2011, according to the statement, it spent $20.599 billion—an increase of $9.172 billion, or 80 percent, from 2008.